What's key is that we always in part overestimate the pace of change but underestimate the real impact of change over time. What we have here is a clear pace of change, which for the moment is.... Most of our markets that we've described in our report are mature and declining. We don't see a sharp decline nor estimate that there will be a cliff immediately, but clearly over time, digital products, new ways of consuming international providers, will be the main vehicle for consumption of product over the future. The main risk there is that over time the supports will be eroded, and the likelihood is that Canadian content and other social objectives of the Broadcasting Act will not be met.
On May 2nd, 2019. See this statement in context.